SCORPIO BULKERS INC. announces the sale of two ULTRAMAX vessels and one KAMSARMAX vessels for $53.5 Million and provides an update on dry bulk rates for the first quarter of 2020
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that the Company has entered into agreements with unaffiliated third parties to sell the SBI Jaguar and SBI Taurus, 2014 and 2015 built Ultramax vessels, respectively, and the SBI Bolero, a 2015 built Kamsarmax vessel, for approximately $53.5 million in aggregate. None of the three vessels have been fitted with scrubbers. Delivery of the vessels is expected to take place between March and May of 2020. It is estimated that the Company’s liquidity will increase by approximately $18.3 million after the repayment of outstanding debt.
Update on the First Quarter of 2020 Dry Bulk Rates (as of March 10, 2020):
- Kamsarmax fleet: approximately $10,000 per day on average for 80% of days
- Ultramax fleet: approximately $9,000 per day on average for 90% of days
Related News.
2 Weeks left for the 5th CSN Greece ICT Conference, Athens 19th November 2026 “Intelligent Skies, Secure Seas: The AI Impact on ICT” – Register Now
“Intelligent Skies, Secure Seas: The AI Impact on ICT” Register here Date: 19 November 2026 Time: 09:00-15:00 Venue: PLOES Floating Venue The…
BMA joins Bahamas Shipowners Association for AGM & Maritime Industry Forum
The Bahamas Maritime Authority (BMA) joined members of the Bahamas Shipowners Association (BSA) and representatives from across the maritime industry…
Marlow Navigation welcomes MPC Oceanic Group as strategic shareholder
MPC Oceanic Group to acquire a 41% minority stake in Marlow Navigation Group Long-standing partners combine complementary capabilities while…
VesselFront receives Bureau Veritas Type approval for its VesselFront.AI weather-routing software
VesselFront, a maritime software company based in Piraeus, announces that its Vesselfront.AI software has received Type Approval from the…
Trafigura provide over USD1 billion to support US refineries acquisition by CVR Energy
Trafigura US Holdings, has signed strategic agreements with CVR Energy, to support its intended acquisition of the Mandan refinery in North Dakota…
Maritime clusters urged to turn global cooperation into measurable action
Maritime clusters must turn international cooperation into practical projects that unlock investment, support innovation and strengthen the…
OneLearn Global and RINA unite technical training and seafarer wellbeing in new learning partnership
Collaboration brings technical competence, human performance and wellbeing together in an integrated maritime learning offering OneLearn Global ,a…
Almost half of all truck-driven containers are empty
Almost half of all container trucks in Sweden are being driven without a load. Researchers at Chalmers University of Technology in Sweden, have…
DP World expands free eyecare programme for 12,000 commercial drivers in India
Expanded partnership with VisionSpring Foundation builds on successful initiative in Gujarat, improving access to essential eye care, supporting…
India’s next-generation corvettes to address immediate priority of replacing aging fleet, says GlobalData
India’s defense ministry has signed contracts worth than more than INR 538.8 billion ($5.6 billion) with Garden Reach Shipbuilders & Engineers…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
